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Martin Carolan, Provaris Energy Ltd (ASX:PV1) managing director andCEO, joins Proactive’s Jonathan to discuss the significance of theH2Neo prototype tank's fabrication and testing. Carolan highlightsthe project's progression, which is crucial for optimisingshipyard operations through improved efficiency and flexibility, andis set to be a global first in high-pressure hydrogen storage.Provaris is on track to complete this phase by mid-2024, which couldopen up early revenue channels. The company has also signed a thirdnon-binding MoU with a leading European energy company, demonstratingthe growing industry recognition and potential for Provaris’hydrogen storage solutions. Carolan delves into the European marketdynamics, with a special focus on Germany, where energy providers areincreasingly engaged with Provaris' innovations. This interest isdriven by the need for cost-effective and scalable hydrogen supplysolutions in response to Europe's substantial energy importrequirements.
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JonathanJackson
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